Maxcom Shares Jump Most Since November on Late-Day Trades

June 22 (Bloomberg) -- Maxcom Telecomunicaciones SAB soared
the most in seven months as late-day trades sparked a surge in
volume.

The shares climbed 15 percent to 2.40 pesos, the biggest
advance since Nov. 15. Volume more than doubled its average
daily trading for the past three months.

The stock posted most of its gains near the end of the
session, soaring more than 11 percent from 1:50 p.m. until 2:24
p.m. in Mexico City, when the jump set off the exchange’s
circuit breaker mechanism. It never resumed trading.

Maxcom said in a statement to the stock exchange that it
had nothing to disclose that could be moving the stock.

Casa de Bolsa BBVA Bancomer, the local brokerage of Banco
Bilbao Vizcaya Argentaria, executed about 422,000 purchases,
more than any other brokerage, with more than half of those
trades coming in the last 70 minutes of the trading day,
according to data compiled by Bloomberg. The data doesn’t show
whether the trades were executed on behalf of clients.